Cannabis Banking - by Erin O'Donnell & James Michael Beird & Meridith Beird (Hardcover)

About the Book

"Before we jump into the rules and regulations surrounding cannabis banking, it is important to look at the basics. What is cannabis exactly, how have the political and social relationship with cannabis changed over the years, and where does cannabis currently stand in the eyes of the government? Let us get started! The cultivation and use of the cannabis plant is not a new phenomenon. In fact, evidence of cannabis use dates back to around 2700 BC in China by Emperor Shen Nung, whose teachings and medical practices with the plant were passed down for generations by word of mouth before being recorded in a book on herbal remedies, written around the second century AD. Over time, the plant spread throughout Asia, into Europe, and by the sixteenth century, Spanish and English settlers were bringing it across to the Americas."--

Book Synopsis

Unlock the financial potential of the cannabis industry

Cannabis Banking: Legal Frameworks and Practical Solutions for Cultivating Compliance offers a deep dive into a critical issue facing cannabis businesses worldwide: the challenge of accessing essential financial and banking services. Written by a team of experienced finance professionals and entrepreneurs, this guide is tailored to demystify the complex world of banking regulations and present practical solutions for cannabis enterprises.

As the cannabis sector continues to expand at an unprecedented rate, many businesses find themselves hindered by regulatory uncertainties, preventing them from accessing the financial services necessary for growth. Cannabis Banking not only addresses these challenges but also opens the door for finance professionals, entrepreneurs, and investors to explore substantial business opportunities within the industry.

You'll also find:

• Detailed discussions on the pending SAFER legislation that grants safe harbor to banks who do business with cannabis enterprises
• Strategies for maintaining compliance and optimizing fiscal opportunities when banking cannabis firms
• Up-to-date guidance, practical tips, and real-world case studies of cannabis finance and banking

Whether you are a bank and credit union personnel, compliance officer, risk analyst, or fintech professional involved with the cannabis sector, Cannabis Banking is your go-to resource for navigating the complexities of cannabis finance. Equip yourself with the knowledge to foster efficient, compliant financial operations and propel your cannabis business or financial career forward.

From the Back Cover

Praise for Cannabis Banking

"The authors have meticulously addressed every aspect of cannabis banking, providing invaluable guidance for both practitioners and policymakers. For those of us seeking to navigate this complex field and achieve full legal compliance, this book offers essential insights to get on the right track. In an industry where cash flow is imperative, this book ensures that you will come away feeling more confident and better equipped to compete with the largest players--regulatory or otherwise--in the cannabis sector."
--REPRESENTATIVE ANDREA ROMERO, New Mexico House of Representatives, District 46

"Community financial institutions need efficient and effective tools to provide banking services to all community businesses, including those in the cannabis industry. This book, authored by some of the best in the field, serves as a comprehensive guide to navigating the complexities of cannabis banking and advocating for practical compliance."
--JUSTIN FISCHER, CEO and Co-founder, RiskScout

"In the cannabis industry, legislators, regulators, examiners, investors, CRBs and financial services professionals have been asking for a 'textbook' and best practices for the industry to use as common uniting reference points. This book delivers this and more, and I am delighted to be able to point to this book as the first of its kind for the cannabis marketplace!"
--KIRSTEN TRUSKO, CEO and Co-founder, Emerging Markets Coalition

"This is the only cannabis banking book you'll ever need. The writers of Cannabis Banking provide a well thought out roadmap and deep insights on how to navigate through the vast and ever-changing regulatory landscape of the cannabis industry and banking with a fine tooth comb."
--JENNY GERMANO, President and Founder, ICS Consulting

About the Author

ERIN O'DONNELL is the Founding Partner of the Association for Cannabis Banking and a Co-founder of BankersHub. She has over thirty years' experience in the events, education and financial services industry.

J. MICHAEL BEIRD is the Founding Partner of the Association for Cannabis Banking and has over 45 years' experience in financial services working as a branch manager, auditor, M&A analyst, workforce optimization manager, procedural reengineer, and bank advisor on four different continents. He is a Co-founder of BankersHub.

MERIDITH BEIRD is a Partner of the Association for Cannabis Banking. She has over ten years' experience in online education for financial services.